Quest Diagnostics Balance Sheet Health
Financial Health criteria checks 3/6
Quest Diagnostics has a total shareholder equity of $6.5B and total debt of $4.7B, which brings its debt-to-equity ratio to 72%. Its total assets and total liabilities are $14.0B and $7.4B respectively. Quest Diagnostics's EBIT is $1.3B making its interest coverage ratio 8.3. It has cash and short-term investments of $474.0M.
Key information
72.0%
Debt to equity ratio
US$4.71b
Debt
Interest coverage ratio | 8.3x |
Cash | US$474.00m |
Equity | US$6.55b |
Total liabilities | US$7.41b |
Total assets | US$13.95b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0KSX's short term assets ($2.2B) do not cover its short term liabilities ($2.3B).
Long Term Liabilities: 0KSX's short term assets ($2.2B) do not cover its long term liabilities ($5.1B).
Debt to Equity History and Analysis
Debt Level: 0KSX's net debt to equity ratio (64.7%) is considered high.
Reducing Debt: 0KSX's debt to equity ratio has reduced from 79% to 72% over the past 5 years.
Debt Coverage: 0KSX's debt is well covered by operating cash flow (28.3%).
Interest Coverage: 0KSX's interest payments on its debt are well covered by EBIT (8.3x coverage).